XML 74 R63.htm IDEA: XBRL DOCUMENT v3.19.2
Equity-Based Compensation - Narrative (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 19, 2018
USD ($)
$ / shares
shares
Jun. 02, 2015
shares
Jun. 30, 2019
USD ($)
shares
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
shares
Jun. 30, 2018
USD ($)
shares
Dec. 31, 2018
shares
Feb. 28, 2019
USD ($)
Jan. 31, 2019
USD ($)
Jan. 01, 2019
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Equity-based compensation     $ 2,429,000 $ (22,000) $ 4,538,000 $ (854,000)        
Distributions paid         $ (270,000) $ (158,000)        
Director                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Shares issued in lieu of cash (shares) | shares         0 0        
Incentive Restricted Share Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Annual retainer payable, cash     50.00%   50.00%          
Annual retainer payable, restricted stock units     50.00%   50.00%          
Incentive Restricted Share Plan | Independent Directors                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Annual retainer payable     $ 100,000   $ 100,000          
Incentive Restricted Share Plan | Non-Executive Chair                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Annual retainer payable     105,000   105,000          
Incentive Restricted Share Plan | Directors, Servicing on Committees                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Annual retainer payable     $ 30,000   $ 30,000          
2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Shares issued during the period (shares) | shares   3,013,933                
Requisite service period         2 years 9 months 18 days          
Distribution percent entitled to by LTIP holders     10.00%   10.00%          
Award value, percent of market capitalization   5.00%                
2018 Multi Year Outperformance Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Maximum award value $ 50,000,000.0                  
Share price (usd per share) | $ / shares $ 19.57                  
2018 Multi Year Outperformance Plan | Minimum | Tier One                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 24.00%                  
Relative TSR excess (0.06)                  
2018 Multi Year Outperformance Plan | Minimum | Tier Two                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 36.00%                  
Relative TSR excess 0.00                  
2018 Multi Year Outperformance Plan | Maximum | Tier One                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 30.00%                  
Relative TSR excess 0.00                  
2018 Multi Year Outperformance Plan | Maximum | Tier Two                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 30.00%                  
Relative TSR excess 0.06                  
Stock Options | Stock Option Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares authorized (shares) | shares     500,000   500,000          
Shares issued during the period (shares) | shares         0   0      
Restricted Stock Units (RSUs) | Incentive Restricted Share Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of maximum Common Stock available for issuance         10.00%          
Vesting period         3 years          
Restricted Stock | Incentive Restricted Share Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Share-based compensation expense     $ 100,000 200,000 $ 200,000 $ 200,000        
Restricted Stock | Restricted Share Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Compensation expense     800,000   $ 800,000          
Weighted average period of recognition         2 years 1 month 6 days          
LTIP Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Distributions paid         $ (300,000) (200,000)        
LTIP Units | 2018 Multi Year Outperformance Plan | Advisor                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Shares issued during the period (shares) | shares 2,554,930                  
Share-Based Payment Arrangement, Nonemployee | 2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Requisite service period         2 years 9 months 18 days          
Share-Based Payment Arrangement, Nonemployee | LTIP Units | 2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Equity fair value                   $ 18,800,000
Share-Based Payment Arrangement, Nonemployee | LTIP Units | 2018 Multi Year Outperformance Plan Amendment                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Share-based compensation expense       100,000   1,100,000        
Equity fair value               $ 29,900,000 $ 23,300,000  
Fair value in excess     6,600,000   $ 6,600,000          
Non-controlling interest                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Equity-based compensation     2,358,000 $ (125,000) 4,351,000 $ (1,077,000)        
Non-controlling interest | Share-Based Payment Arrangement, Nonemployee                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Equity-based compensation     $ 2,400,000   $ 4,400,000          
Below Threshold | 2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Vesting period   1 year                
Below Threshold | 2018 Multi Year Outperformance Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 24.00%                  
Relative TSR excess (0.06)                  
Below Threshold | LTIP Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percent         33.33%          
Threshold | 2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Vesting period   2 years                
Threshold | 2018 Multi Year Outperformance Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 24.00%                  
Relative TSR excess (0.06)                  
Threshold | LTIP Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percent         33.33%          
Target | 2015 OPP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award performance period   3 years                
Vesting period   3 years                
Target | 2018 Multi Year Outperformance Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 30.00%                  
Relative TSR excess 0                  
Target | LTIP Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percent         33.33%          
Maximum | 2018 Multi Year Outperformance Plan                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Absolute TSR 36.00%                  
Relative TSR excess 0.06